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More Financial Improvements at York Minster
Published: on 11th November 2005 by Eleanor Course in Press Releases
York Minster’s accounts for the year ending 31 March 2005 reveal a further improvement in its financial situation. The operational deficit, which stood at £220,000 for 2003/4, has been reduced to £99,000 for 2004/5.
The decrease in the deficit is due in part to increased revenue from visitors to the Minster, which has increased from £1,384,000 in 2003/4 to £1,645,000 in 2004/5. As in earlier years, there have been further generous legacies left to the Minster.
The Dean of York, the Very Reverend Keith Jones, said today, “This is a great achievement, bearing in mind that two years ago we had an operational deficit of £600,000. We are not out of the woods yet, and we need to continue to look at ways to reduce the deficit further. The Minster has always been funded by generous gifts and legacies. We have been helped particularly in this way recently, but we cannot expect to be so fortunate every year.
“Cathedrals cost a great deal of money to maintain, and we receive no funding from the government. We rely on the generosity people throughout York and the whole country to help us maintain the life and work of the Minster. Of course, we are now also raising £30 million to fund the restoration of the East Front and support the educational and music life of the Minster, which means that we need the help of the public even more.”
If you are able to help restore the East Front of York Minster, please send a cheque made payable to ‘York Minster Fund’ to The Development Office, Church House, Ogleforth, York, Y01 7JN.